Property Acquisitions and Dispositions

CAPREIT, a fully-integrated real estate operating company responsible for the ownership and management of more than $5 billion of multifamily assets, today announced it has acquired the second phase of Remington Cove, a 196-home apartment community in the Twin Cities metropolitan area. 

CHARLOTTE, NC – September 5, 2018 – HFF announces the $9.5 million sale of Carolina Row, a 10.93-acre land site within the Crabtree Valley submarket of Raleigh, North Carolina.

DENVER, CO – September 4, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Alexan Uptown, a 372-unit, 12-story luxury apartment tower located in downtown Denver’s highly popular Uptown neighborhood.

This email address is being protected from spambots. You need JavaScript enabled to view it., This email address is being protected from spambots. You need JavaScript enabled to view it.,This email address is being protected from spambots. You need JavaScript enabled to view it., and This email address is being protected from spambots. You need JavaScript enabled to view it.,of Northcap Commercial Multifamily, are pleased to announce the recent sale of Merlayne Villas Apartments for $2,800,000 ($87,500/unit). This sale consisted of 32 multifamily units built in 1994, located at 409-417 E. Merlayne Drive in Henderson, Nevada.

Purchase Price of $42 Million, 20% of Property Includes Below-Market Rents, Helping to Fulfill Fannie Mae’s “Duty to Serve” in Preserving Affordable Housing

Charlotte, NC – American Landmark, one of the fastest-growing multifamily owner-operators in the country, has acquired Integra Springs at Kellswater, a 312-unit multifamily community located in the greater Charlotte area. The asset will be renamed The Vive at Kellswater, and will include $1.355 million in property improvements.

Raleigh, NC – American Landmark, one of the fastest-growing multifamily owner-operators in the country, has acquired Sterling Town Center, a 339-unit multifamily community located in Raleigh. The asset will undergo approximately $1.523 million in property improvements.

HOUSTON – American Landmark, one of the fastest-growing multifamily owner-operators in the country, has acquired Haven at Liberty Hills, a 246-unit Class ‘A’ multifamily asset in Houston. The asset will undergo approximately $890,000 in property improvements.

Greystone Real Estate Advisors announced it closed the sale of The Aspens at Wade Park, a 162-unit age-restricted community in Frisco, TX. Aspens Senior Living sold the property to a joint venture between The Carlyle Group and Greystar on August 17th. Cody Tremper and Mike Garbers of Greystone represented the seller in the transaction.